Civic Intelligence

First Baptist School Foundation

EIN 26-4092399 • 501(c)3 • Charleston, SC

Profile

The foundation seeks to support first baptist school in a manner that promotes and furthers its interests.

48 Meeting StreetCharleston, SC 29401

www.fbschool.org/HOME

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

1st percentile

-881%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

53rd percentile

4.6%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2025

Revenue Growth

11th percentile

-30%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2025

Assets

Down

$783,766

Down $54,942 (-6.6%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$783,766

Down $54,942 (-6.6%) from 2024

Revenue

Down

$13,882

Down $15,263 (-52%) from 2024

Expenses

Up

$136,202

Up $126,060 (+1243%) from 2024

Net Income

Down

-$122,320

Down $141,323 (-744%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2013: $727,993Liabilities 2013: $0Net Assets 2013: $727,9932013Assets 2014: $768,243Liabilities 2014: $0Net Assets 2014: $768,2432014Assets 2015: $780,034Liabilities 2015: $0Net Assets 2015: $780,0342015Assets 2016: $676,463Liabilities 2016: $0Net Assets 2016: $676,4632016Assets 2017: $585,057Liabilities 2017: $0Net Assets 2017: $585,0572017Assets 2018: $545,274Liabilities 2018: $0Net Assets 2018: $545,2742018Assets 2019: $476,265Liabilities 2019: $0Net Assets 2019: $476,2652019Assets 2020: $512,727Liabilities 2020: $0Net Assets 2020: $512,7272020Assets 2021: $665,218Liabilities 2021: $0Net Assets 2021: $665,2182021Assets 2022: $685,705Liabilities 2022: $0Net Assets 2022: $685,7052022Assets 2023: $706,405Liabilities 2023: $0Net Assets 2023: $706,4052023Assets 2024: $838,708Liabilities 2024: $0Net Assets 2024: $838,7082024Assets 2025: $783,766Liabilities 2025: $0Net Assets 2025: $783,7662025

Highlighted filing

2025

Assets$783,766
Liabilities$0
Net Assets$783,766

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100K-$200KExpenses 2013: $8,3252013Revenue 2014: $30,652Expenses 2014: $16,652Net Income 2014: $14,0002014Revenue 2015: $59,693Expenses 2015: $14,614Net Income 2015: $45,0792015Revenue 2016: $11,935Expenses 2016: $71,213Net Income 2016: -$59,2782016Revenue 2017: -$16,948Expenses 2017: $104,208Net Income 2017: -$121,1562017Revenue 2018: $11,055Expenses 2018: $81,102Net Income 2018: -$70,0472018Revenue 2019: $10,463Expenses 2019: $100,000Net Income 2019: -$89,5372019Revenue 2020: $36,376Expenses 2020: $685Net Income 2020: $35,6912020Revenue 2021: $36,035Expenses 2021: $37,279Net Income 2021: -$1,2442021Revenue 2022: $48,471Expenses 2022: $15,618Net Income 2022: $32,8532022Revenue 2023: $34,827Expenses 2023: $4,006Net Income 2023: $30,8212023Revenue 2024: $29,145Expenses 2024: $10,142Net Income 2024: $19,0032024Revenue 2025: $13,882Expenses 2025: $136,202Net Income 2025: -$122,3202025

Highlighted filing

2025

Revenue$13,882
Expenses$136,202
Net Income-$122,320

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Feb 13, 2026
Return Version
2024v5.5
Gross Receipts
$13,882
Mission and Program Overview

Mission

The Foundation seeks to support First Baptist School of Charleston in a manner that promotes and furthers its interests.

The foundation promotes and furthers the interests of first baptist school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$549,119$697,053▲ $147,934
Investments Other Securities$99,875$44,823▼ $55,052
Cash and Non-Interest-Bearing Accounts$189,714$39,744▼ $149,970
Accounts Receivable-$2,146-
Total Assets$838,708$783,766▼ $54,942
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$491,642$431,698▼ $59,944
Net Assets Without Donor Restrictions$347,066$352,068▲ $5,002
Total Net Assets Fund Balance$838,708$783,766▼ $54,942
Total Liabilities and Net Assets / Fund Balance$838,708$783,766▼ $54,942

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$44,823--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$306,766-▲ $35,103-$341,869
2023$273,646-▲ $33,120-$306,766
2022$268,475-▲ $5,171-$273,646
2021$271,598-▼ $3,123-$268,475
2020$231,582$30,000▲ $22,461$12,445$271,598
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kip HookerChairmanm
Dean MurphyDirector
Emory HiottDirector
Rob MarchantDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$13,882
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$13,882
Change in Net Assets
$-122,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,882
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$67,378
Total Revenue per Audited Statements
$81,260
Total Revenue per Form 990
$13,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$135,970$232-$232
Total Functional Expenses$135,970$232$0$136,202

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$136,202
Total Expenses per Audited Statements$136,202
Total Expenses per Form 990$136,202
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The foundation has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an independent cpa firm and reviewed in detail by the organization's top management. The reviewed form 990 is then provided to the board of directors prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The foundation requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The business office manager is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.

Form 990, Part VI, Section B, Line 15

The foundation does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions.

Form 990, Part VI, Section C, Line 19

The foundation makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Baptist School Foundation
EIN
26-4092399
Phone
8437098592
Address
48 MEETING STREET, CHARLESTON, SC 29401

Signing Officer

Name
Kip Hooker
Title
Chairman
Phone
8437098592
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kip Hooker
Formed
2009
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Veris LLC
Address
1064 GARDNER ROAD, CHARLESTON, SC 29407
Preparer
Jacqueline Brooke Glover-skinner Ea
Phone
8432665400
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The process has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit corporation under section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes, unless income is generated from unrelated business activities. There is no unrelated business income for the current fiscal year end. The organization qualifies for the charitable contribution deduction under section 170(b)(a) and has been classified as an organization that is not a private foundation under section 509(a)(2).

Part V, Line 4

Endowment funds are invested to produce income to fund scholarships for students and to assist teachers at first baptist school.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ENDOWMENT FUNDS ARE INVESTED TO PRODUCE INCOME TO FUND SCHOLARSHIPS FOR STUDENTS AND TO ASSIST TEACHERS AT FIRST BAPTIST SCHOOL.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE BUSINESS OFFICE MANAGER IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. THEREFORE, THESE LINES WERE ANSWERED "NO" IN ACCORDANCE WITH THE INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0FIRST BAPTIST CHURCH OF CHARLESTON SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST BAPTIST SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0264091898
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt048 MEETING STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLESTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0135970
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FIRST BAPTIST SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0838708
IRS990/TotalAssetsEOYAmt0783766
IRS990/TotalAssetsGrp/BOYAmt0838708
IRS990/TotalAssetsGrp/EOYAmt0783766
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt013882
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135970
IRS990/TotalFunctionalExpensesGrp/TotalAmt0136202
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0838708
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0783766
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0135970
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013882
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0838708
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0783766
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt048 MEETING STREET
IRS990/USAddress/CityNm0CHARLESTON
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029401
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTPS://WWW.FBSCHOOL.ORG/HOME
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIP HOOKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08437098592
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST BAPTIST SCHOOL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0264092399
ReturnHeader/Filer/PhoneNum08437098592
ReturnHeader/Filer/USAddress/AddressLine1Txt048 MEETING STREET
ReturnHeader/Filer/USAddress/CityNm0CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571112308
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERIS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01064 GARDNER ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029407
ReturnHeader/PreparerPersonGrp/PhoneNum08432665400
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACQUELINE BROOKE GLOVER-SKINNER EA
ReturnHeader/ReturnTs02026-02-13T15:40:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-06-01
ReturnHeader/TaxPeriodEndDt02025-05-31
ReturnHeader/TaxYr02024

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